US Dollar Maintains Steady Position Amid Awaited US Data
Friday, 16 February 2024, 11:28
Summary:
The US dollar is holding steady as traders anticipate upcoming US data releases for potential market moves. The current session has seen minimal fluctuations, with select currency pairs showing limited activity.
Key Highlights:
- USD/JPY and 10-year yields see modest gains.
- EUR/USD and GBP/USD remain flat amid large option expiries.
- Commodity currencies show muted performance against the dollar.
- US futures edge higher, while FX market appears subdued.
- Focus shifts to US producer prices and consumer sentiment data later today.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.